Capital One Quicksilver Review

by Zara Burton ·
Published October 12, 2017
· Updated October 12, 2017

Unlike many of its competitors, Capital One Quicksilver Cash Rewards Credit Card is not a fancy one. This card lacks any complex rewards structure and doesn’t give different costs based on what store you visit or at what time of the year. Moreover, you don’t have to pay a fee for every petty thing. What Capital One Quicksilver Cash Rewards Credit Card offers is simplicity and an easy-to-use card that pay a flat rewards rate of 1.5% on every purchase. Let’s check out the card in more detail in this capital one quicksilver review.

Capital One Quicksilver Review

Capital One Quicksilver Cash Rewards Credit Card pays 1.5% cash back on every purchase. This is redeemable for a check or a statement credit in your account at any time. There is no annual fee and it comes with a cash sign-up bonus of $150. You get this once you spend $500 on transactions within the first 3 months of opening an account.

The card gives you an introductory APR of 0% on Purchases and Balance Transfers for 9 months followed by the current Variable APR of 13.99%-23.99%. However, the card does charge 3% on balance transfers, which dents the introductory APR offer. if you love to party, then know How To Throw A Kickass Party On A Budget?

Some advantages of Capital One Quicksilver Cash Rewards Credit Card

Easy and simple reward structure

There is no doubt that the card offers a simple and straightforward rewards program. This deletes the need to track rotating bonus reward categories or focus on which card you are using for which purchase. There is also no minimum amount required for redemption, meaning you can redeem your rewards in any amount.

Qualification requirements are plausible

The target audience of this card is people with a score of 690 and above. Even though Capital One Quicksilver is not the card alone targeting people with good credit, it is highly relieving that you don’t have to push hard for 800 to gain decent rewards card with low fees. If you have a bad credit score, then check out How To Improve Credit Score Immediately?

Sign-up cash bonus

What’s better than earning cash? Earning cash with minimum effort! With a one-time $150 cash bonus on spending $500 on purchases within 3 months of account opening, this sign-up cash bonus is amazing. Capital One Quicksilver’s low minimum spending requirement is actually useful for new cardholders as they won’t feel the pressure to overspend in order to get a bonus.

Low Fees

Capital One Quicksilver’s $0 annual fee and no foreign transaction fees are great for fee-hating people. However, the 3% balance transfer fee is a pain! This means you might have to look for some other card options without transfer fees.

Rewards on gas and grocery shopping

Capital One Quicksilver’s flat-rate rewards are amazing for people with diverse spending habits, but for those who spend most on gas and grocery shopping, a card which rewards these purchases is best. This is where Blue Cash Everyday Card from American Express is useful. It gives 3% cash back at US supermarkets, 2% back at US gas stations and department stores and 1% back on other purchases. It also has a sign-up bonus offering $150 credit when you spend $1,000 within the first 3 months.

If you indulge in rotation bonus categories

If you have no problem in logging in your account every quarter to choose a bonus rewards category, then you might want to choose a “5%” card. The top options for you are Chase Freedom and Discover It – Cashback Match.

Both these cards give their holder 5% back on spending up to $1,500 in their selected categories. Chase Freedom Credit Card also gives you 1% on all other purchases. Check out Chase Freedom Unlimited Reviews to know more.